CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts Let's Pay for Disaster Funding , but Also Budget For It Huntsman to Propose Revenue-Neutral Tax Reform Mark Prater Appointed Staff Director of Super Committee Line’ Items : Mother Nature Edition Meanwhile , Away From Washington Warner Wants the Committee to Go Above and Beyond Federal Reserve Chairmen Ben Bernanke at Jackson Hole Comments on Fiscal Policy Mitt Romney CLOCKS the Debt By month August 2011 53 July 2011 61 June 2011 54 May 2011 48 April 2011 55 March 2011 68 February 2011 55 January 2011 59 December 2010 46 November 2010 60 October 2010 53 September 2010 41 All Archives By Keyword Budget 197 CBO 100
Financial regulation imposes requirements on banks to hold certain amounts of capital. When the financial crisis began in 2007, the capital banks held fell significantly. Regulators could have taken the view that capital is there as a buffer against a rainy day, and the rainy day had come, so the buffer should be allowed to [...]
IMF chief Christine Lagarde has said that many European banks need “urgent recapitalisation” and a “mandatory substantial recapitalisation” would be the “most efficient solution”. This is wrong.
Banks are subject to regulatory capital requirements. That is to say, they are required to hold a certain amount of capital as a buffer so they can absorb losses [...]
In response to the crisis of 2008, UK policy-makers did five key things:
1. They bailed out a number of banks that had inadequate capital.
2. They insisted that banks that were not bailed out had to raise additional capital privately.
3. They raised spending, by around £110 billion (mainly by continuing with previously-scheduled large. spending rises even [...]
Bravo Bernanke for telling the screaming markets to go to bed without their supper.
There can be no justification for QE3 at a time when core inflation is creeping up to 2pc.
Nor when the M2 money supply is growing at 10pc, or M1 growing at 20pc, or credit is at last returning from the dead and [...]
CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts NABE Survey Highlights Experts Views on Fiscal Matters Defense Business Board Recommends Military Retirement Changes Line’ Items : Looking Abroad Edition OMB Asks for Agency Cuts in 2013 Donald Marron Wants More Fiscal Foxes An In-Depth Look at the Trigger Baucus , Murray , and Kerry on the Joint Committee US Chamber Of Commerce Calls On Super Committee to Exceed its Mandate By month August 2011 39 July 2011 61 June 2011 54 May 2011 48 April 2011 55 March 2011 68 February 2011 55 January 2011 59 December 2010 46 November 2010 60 October 2010 53 September 2010 41 All Archives By Keyword Budget 197 CBO 100 Congress 224
CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts OMB Asks for Agency Cuts in 2013 Donald Marron Wants More Fiscal Foxes An In-Depth Look at the Trigger Baucus , Murray , and Kerry on the Joint Committee US Chamber Of Commerce Calls On Super Committee to Exceed its Mandate Brookings Panel on the Joint Committee Fitch Reaffirms U.S . AAA Rating Putting the Brakes on U.S . Debt By month August 2011 36 July 2011 61 June 2011 54 May 2011 48 April 2011 55 March 2011 68 February 2011 55 January 2011 59 December 2010 46 November 2010 60 October 2010 53 September 2010 41 All Archives By Keyword Budget 197 CBO 100 Congress 224 Deficits and Debt 350 Economy 133 Fiscal News 121
Over the past several years, GASB 45 has required public employers to recognize the cost of Other Postemployment Benefits (OPEB: e.g., retiree health insurance, life insurance) while employees are accruing the benefits, not after they retire. For many public entities, the true cost of their healthcare promises has been an eye opener. However, public employers [...]